Apple scraps buy now, pay later service after a year

Updated June 19 2024 - 7:00am, first published 6:54am
Apple Pay Later was unique because Apple needed to create its own bank to offer loans. (AP PHOTO)
Apple Pay Later was unique because Apple needed to create its own bank to offer loans. (AP PHOTO)

Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the United States, and will rely on companies who already dominate the industry like Affirm and Klarna.

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